Jul 21,  · However, the influential chief executive of the world's largest bitcoin and cryptocurrency exchange by volume, Binance, has warned bitcoin is still tied to the stock market Author: Billy Bambrough. Oct 14,  · Stock Market Basics. Stock Market Bitcoin has also benefited as a safe-haven investment in the wake of the coronavirus recession. bringing its total assets tied up in in the most. Aug 25,  · A report from Digital Asset Data illustrates (chart attached) that over the past three months, bitcoin has moved in tandem with gold and has .

Is bitcoin tied to the stock market

Forget Bitcoin: Here Are 3 Stocks You Should Buy Instead | The Motley Fool

Mark DeCambre is MarketWatch's markets editor. He is based in New York. Follow him on Twitter mdecambre. Economic Calendar. Retirement Planner. Sign Up Log In. Home Markets U. Is the stock market open Christmas Eve? Yes, Tesla Is One. Democrats Will Try Again Monday. Mark DeCambre. Also, don't forget that bitcoin acts as the bridge currency that investors often have to purchase if they choose to invest in other less-common cryptocurrencies those not named Ethereum or Ripple.

This creates a steady level of demand and ownership for what's perceived to be a limited token. But if you ask me, there are much better ways to invest your money than by purchasing bitcoin. The issue with the most popular cryptocurrency is twofold. First, there's a scarcity-versus-utility problem. Since a substantive percentage of outstanding tokens are held by investors who have no intention of using their coins to make purchases, the utility of bitcoin as a purveyor of digital transactions is quite low.

Since programming is all that keeps bitcoin's token limit at 21 million, this could be overridden in the future. Thus, bitcoin either has limited utility or scarcity -- not both. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain. The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.

Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years.

However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App. Cash Card is a traditional debit-card that links to a users' Cash App balance. While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment.

If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it. Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region. To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors.

The far more exciting operating segment for the company is its Shopee e-commerce platform. Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia.

But it's not as if Shopee wasn't growing like a weed before the coronavirus pandemic hit. Additionally, Sea launched SeaMoney in , which today provides mobile wallet services and payment processing for individuals and businesses.

In Q2 , the number of paying users for its mobile wallet services topped 15 million. If your heart is set on digital payments, skip bitcoin and enjoy the high-growth and digital exposure you'll get with Sea Limited. If your thesis surrounding bitcoin is that it could lead to a digital purchasing revolution , cloud-based e-commerce solutions provider Shopify is the company for you. According to the company, it already possesses the second-highest share 5. The beauty of the Shopify platform is that the company is only scratching the surface , in terms of addressable market, yet is already the second-largest online retailer by GMV.

What's more, this is a subscription-driven business model that's highlighted by robust margins and minimal client churn.

Here’s what bitcoin’s relationship with the stock market and gold looks like over the past 90 days These companies make for much smarter investments than a potentially flawed digital token.

Jul 21,  · However, the influential chief executive of the world's largest bitcoin and cryptocurrency exchange by volume, Binance, has warned bitcoin is still tied to the stock market Author: Billy Bambrough. Oct 14,  · Stock Market Basics. Stock Market Bitcoin has also benefited as a safe-haven investment in the wake of the coronavirus recession. bringing its total assets tied up in in the most. Aug 25,  · A report from Digital Asset Data illustrates (chart attached) that over the past three months, bitcoin has moved in tandem with gold and has . Tags:Usdt btc tradingview, Bitcoin marketplace, Mue btc tradingview, Trade cboe bitcoin futures, When is cme trading bitcoin

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